The more you read the commentary the better understanding and interpretation you get.
So they will not transport all dirt just the massive and matrix which is 48kt which makes a lot of sense. I wouldn’t have thought Glencore would accept low grade. Based on that 3.9% would be on the cards. DFS will determine recoverability but would expect 80%.
So 48x3.9%x$36000x80%=$54m
costs?
Glencore cut?
At least a 20% profit would be made imo which is $10m. This is just 5A.
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Last
4.8¢ |
Change
-0.001(2.04%) |
Mkt cap ! $98.49M | |||
| Open | High | Low | Value | Volume |
| 5.0¢ | 5.0¢ | 4.8¢ | $37.21K | 760.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 313538 | 4.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.9¢ | 119606 | 1 |
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| Last trade - 15.32pm 25/06/2025 (20 minute delay) ? |
| ESR (ASX) Chart |